Lincoln Electric Holdings Inc. (LECO) 11/30/09 PriceWatch Alert Technicals Showing Bullish
Posted: Monday, November 30, 2009 8:39 AM EDT
Lincoln Electric Holdings Inc. (NasdaqNM: LECO) ended the last trading session at $50.92. So far the stock has hit a 52-week low of $26.32 and 52-week high of $56.22. Lincoln Electric stock has been showing support around 49.31 and resistance in the 52.41 range. Technical indicators for the stock are Bullish and S&P gives LECO a neutral 3 STAR (out of 5) hold rating. LECO appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Mar '10 50 covered call (HUF CJ) for a net debit in the $46.82 area. That is also the break even stock price for this trade. This covered call has an 110 day duration, provides 8.05% downside protection and a 6.79% assigned return rate for a 22.54% annualized return rate (comparison purposes only). Lincoln Electric has a current annual dividend yield of 2.08%. [ABR-Seven Summits Research]
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